Used Cars Under $20,000 Are Getting Much Harder To Find…
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Used Cars Under $20,000 Are Getting Much Harder To Find
**Highlights:**
The average price of 3-year-old used cars has increased 38.2% ($9,027) since 2019, the last full year before the pandemic.
Today, only about one in nine 3-year-old used cars costs less than $20,000, compared with nearly half in 2019.
Buyers now have to consider used vehicles nearly twice as old to find a majority of them priced under $20,000.
Among best-selling used cars: The Hyundai Elantra had the largest price increase, rising 56.0% from 2019 to 2026.
Across all models: The Porsche Cayenne had the largest price increase at 75.7%, while the Tesla Model X had the largest decrease at 17.0%.
#cars
**Highlights:**
The average price of 3-year-old used cars has increased 38.2% ($9,027) since 2019, the last full year before the pandemic.
Today, only about one in nine 3-year-old used cars costs less than $20,000, compared with nearly half in 2019.
Buyers now have to consider used vehicles nearly twice as old to find a majority of them priced under $20,000.
Among best-selling used cars: The Hyundai Elantra had the largest price increase, rising 56.0% from 2019 to 2026.
Across all models: The Porsche Cayenne had the largest price increase at 75.7%, while the Tesla Model X had the largest decrease at 17.0%.
#cars
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